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Wednesday, May 4, 2011

Oil and Gas Stocks News; American Petro-Hunter (OTCBB: AAPH) Begins Multi-Stage Surge Frack at North Oklahoma Project

SCOTTSDALE, AZ � May 4, 2011 (Investorideas.com energy newswire) - American Petro-Hunter, Inc. (OTC.BB:AAPH) ("American Petro-Hunter" or the "Company") announced today the commencement of a "multi-stage surge frack" regarded as the final event in the completion process at the NOS227 well prior to the onset of commercial oil production.
The fracture stimulation ("frack") program is a newly designed approach intended to break apart the reservoir allowing for a significant increase in the flow of oil. The process has proven to be highly effective in dramatically increasing production from the Mississippi formation elsewhere in the area. Currently, all requisite equipment has arrived onsite and efforts have commenced.
As previously reported, analogous vertical wells located nearby and to the north of NOS227 and having undergone an identical stimulation program have paid out in less than 90 days. The new completion technologies offer the potential to deliver vastly higher production through the use of the latest enhanced reservoir stimulation technologies. The "multi-stage surge frack" is a proven advanced technology that has delivered excellent results regionally and was chosen as the approach presenting the best potential yield results given the geology of the location. The frack of the well will stimulate 85 feet of the pay in the Mississippi Formation and American Petro-Hunter has targeted an initial production rate (I.P.R.) post-frack of 300 BPOD.
American Petro-Hunter has a 50% interest in the well and production from NOS227 will be sold alongside output from the No. 1 and NOJ26 wells to Sunoco, the regional purchaser. West Texas Intermediate Crude today has recently been priced at $112 per barrel and continues to rise based on instability in the Middle East.
About American Petro-Hunter, Inc. (OTCBB: AAPH)
The Company is a goal-oriented exploration and production (E&P) Company aiming to become an intermediate level oil and gas producer within 12 months. The Company is in production at the Poston Project in Trego County Kansas with new drilling activity and production underway at the North Oklahoma Oil Project. With the achievable target of becoming a 1000 BOE producer as our goal, American Petro-Hunter is actively on the "hunt" for domestic petroleum assets. Visit us at: www.americanpetrohunter.com
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the most recent fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
ON BEHALF OF THE BOARD
American Petro-Hunter, Inc.
Robert McIntosh
President & C.E.O.
To find out more about American Petro-Hunter, Inc. (OTC.BB:AAPH), visit our website at www.americanpetrohunter.com
Contact:
Investor Relations:
Mountainview IR Services, Inc.
1-888-521-7762
investors@americanpetrohunterinc.com
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American Petro-hunter Inc. (AAPH.OB) Oct 2010 - one month showcase energy stock on Investorideas.com and energy portals and blogs (three thousand per month)